Ashmore CFO: Risks of Russia Conflict Are Overpriced

Asset Manager Has 'Positive View' on Russia

Investors are overestimating the risks of the West's conflict with Russia, according to Ashmore, the emerging-markets investment manager, which reported earnings for fiscal year 2014 on Thursday.

Tom Shippey, Ashmore's chief financial officer, said that the asset manager hasn't reduced its exposure to Russia despite his expectation that sanctions will be escalated because of the conflict in Ukraine.